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Author Topic: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official  (Read 196151 times)
scam confirmed
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October 09, 2015, 10:31:52 AM
 #2021

so i cancelled my growth account and my coins have vanished .  no coins transferred to my wallet. no transaction showing. WTF?
Oh i know, the transaction and coins will show up as soon as the price tanks another 50% or so. So i should see them shortly.

First "growth account" withdrawals processed today, all in block 26296.
Transaction: http://neucoin.io/transaction/bc88df1c21fc47ca88cbf3cb3c8428c91a7f429b31595b93437d1a55ab2513fb

BTW: Still not a single stake in any of the collective "growth account" addresses:

http://neucoin.io/address/Naq83C9qnFn8CarFnLov1khNYsgJzzEani
http://neucoin.io/address/NdYmnjS3oaFG6u2W8E41SWqSEjXsCcCmA3
http://neucoin.io/address/NbWn2oz8978ZzBTGSFqCgdsc5NdiSRwkXK
http://neucoin.io/address/NQ56Hbw6URkWyMYYw1gJy6puTdJSC5QYmX
http://neucoin.io/address/NXutQwgcRfzm3iSuhoL7snYy4ZpFKJNFmR
http://neucoin.io/address/NXt6Rvs3PiqswZnYe7ya66Cqf1427QgN9y
http://neucoin.io/address/NL5Tbit4riCU98X97dy2PinLmx6oXY5gZc
http://neucoin.io/address/NXXaKT6hA73oXtgviqtLPVs8unhJ3rGUF6
http://neucoin.io/address/NXt6Rvs3PiqswZnYe7ya66Cqf1427QgN9y
http://neucoin.io/address/NLDLVtKTsNLdqzjXeonsKyQm7myHutguoy
http://neucoin.io/address/NSEGhAvXyWFA5eHeEtnB8mqcw1MEpdHqLK
http://neucoin.io/address/NWPiqZF1tSapCvgcBCCCv2uK5bAmmYxMrm
http://neucoin.io/address/NLSDKQDvTrd22ZMEGSs25DeHs7KC4bZ9EB
http://neucoin.io/address/NagCkdRaYYF2ytrJXZgDvuPWjLbk8KUyc6
http://neucoin.io/address/NTH47TJRkMvGWsj2nCPUAtLxW8sCK3v3Qb

 Roll Eyes

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October 09, 2015, 11:07:51 AM
 #2022

It baffles me that they think they would attract users with 3 month - 1 year - 5 year growth accounts. If NeuCoin is trying to cater to the "instant gratification generation" how is it expected for kids to keep NeuCoin for 5 years, if they don't even want to keep a picture for more than 5 seconds.

Actually I am unbaffled... it makes complete sense to me. With the pace they are going with, you probably won't be able to use NeuCoin for anything until 3 months from now, and they'll probably just be rolling out with some promised features 5 years from now (if they are still around).

I don't believe that this coin will survive the next 12 months, maybe not even 5 months. I mean, besides fundamental flaws in it's economy and obvious issues with the tech there is another problem: There are competitors with a lot more to show. The Neucoin-Team did all to let it seem big. But it's not the idea and not the development that is big in any way. All arguments are the "big names" and the money backing and big promises without any base.

And, one competitor for example - far ahead:

Maidsafe
http://maidsafe.net

The base-idea is about decentralizing content and also the profit out of the conent --> content creator. That's the opposite to big companies like Google, Facebook etc. who make profit out of the content of us all. I'm not invested in Maidsafe, but in some way there will be something like that in the future. (And Neucoin, even if it would be a really professionell project is already obsolete, because it would like to be a centralized company which is obvious in the financial structure.)

THE NEXT GENERATION SHARING ECONOMY

http://blog.maidsafe.net/2015/10/05/advertising-privacy-and-a-libre-internet/


They have high plans, and I don't know if they'll realize it or others, but tipping is also one of many possible functions:

Quote
In this context, content creators could be a: blogger, journalist, artist, film maker, musicians, application developers, even end users with a social network account and a video camera. As my colleague Paige Peterson pointed out in an earlier post, the advent of crypto currencies like safecoin, with their almost zero transaction fees, enable almost instant micro payments and donations to take place.

Bloggers could be paid or tipped by users as their posts are read and enjoyed. News websites could function in the same way, or they could charge a subscription for providing well researched and useful information. Potentially, artists and film makers (this also includes those sharing funny home clips on YouTube) could make use of the SAFE Network’s optional watermarking system to ensure that they are rewarded as the originator of content and continue to be rewarded as snippets of their song or film are built upon and used by or aggregated by others. Digitally recording the content creators (through an anonymous ID) of each piece of work will enable the network to manage and pay out rewards without human intervention and without corruption.
http://maidsafe.net/press

There are also ideas about: Games on maidsafe infrastructure
https://forum.safenetwork.io/t/games-on-maidsafe-infrastructure/209


Or... another example:

Synereo:

Quote
Who is Synereo?
Synereo has completely distributed server software running on a user’s local machine that is capable of creating an Internet network without relying on any central entity. On it, Synereo is developing a fully decentralized and distributed, next-gen social platform. Synereo’s mission is to provide a global solution for decentralized communications and content distribution, also allowing applications to tap into its decentralized social graph. Synereo’s smart contract mechanism and attention economy principles provide content creators with unparalleled benefits, facilitating content distribution and monetization devoid of middlemen. Learn more at Synereo.com.
http://blog.factom.org/post/116727809969/synereo-factom-announce-partnership
http://www.synereo.com

They partnered with factom which I mentioned in an earlier post.


I don't mention those projects to make PR for it. But if we compare those projects, and there are a lot more of that kind (the biggest one is most likely Ethereum which could be anything), we see philosophy and passion and highly skilled Developers. They also have big names behind it (first of all factom) and money backing. What do we see in Neucoin? Nothing (but greed)... it's just a copy-cat-headline without anything behind it. They're talking about easy-to-use but that's just an argument to build an awful QT to bind peoples money into the growth-accounts. They talk about "non-profit" and "transparency" but with every move they show the opposite.


And I think, those who bought into it should think about it. There is nothing new in Neucoin, nothing which could be called innovative. Just some weird strategies to get peoples money. And it obviously doesn't work out, which is a very positive sign. ;-)
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October 09, 2015, 11:50:59 AM
 #2023

This just shows their incompetence.

Here's another issue:

http://forum.neucoin.org/t/interesting-tidbits-learned-from-reading-neucoins-source-code/1640/5?u=timengler

If you want to see this in action, look here:

http://www.neucoin.io/transaction/d5c8a3496eb8340130e6c1fcd3c04f57634b9f69a398db0d226f460fcd9f7aea

and keep clicking on "Previous output". You'll notice the staking amounts have been splitting in half after every stake.

Which means the amount of interest Neucoin is getting is slowing down. Every time this happens, their UTXO's get smaller and take longer to stake. Eventually they'll lose most of their compounding effect, and will have around 45 days of unclaimed interest in their mega account that will disappear as soon as they try to make a transfer from it. I tried to explain this to them in that thread, but it seems they can't quite grasp the concept.

Another sign that their technical team today isn't really up to the task.
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October 09, 2015, 11:58:10 AM
 #2024

I got 2k Neucoin from completing surveys when will i receive them?

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October 09, 2015, 12:21:50 PM
 #2025

This just shows their incompetence.

Here's another issue:

http://forum.neucoin.org/t/interesting-tidbits-learned-from-reading-neucoins-source-code/1640/5?u=timengler

If you want to see this in action, look here:

http://www.neucoin.io/transaction/d5c8a3496eb8340130e6c1fcd3c04f57634b9f69a398db0d226f460fcd9f7aea

and keep clicking on "Previous output". You'll notice the staking amounts have been splitting in half after every stake.

Which means the amount of interest Neucoin is getting is slowing down. Every time this happens, their UTXO's get smaller and take longer to stake. Eventually they'll lose most of their compounding effect, and will have around 45 days of unclaimed interest in their mega account that will disappear as soon as they try to make a transfer from it. I tried to explain this to them in that thread, but it seems they can't quite grasp the concept.

Another sign that their technical team today isn't really up to the task.


Revealing:

"The issue is that the reason for this security measure hasn't been well documented, so we can only guess what Sunny King had in mind."


They've worked 1 1/2 year on the project and they have to guess. I have no abilities to code and no deeper understanding of the tech, but I bet it wouldn't need too long that I would have some answers. I would ask in the peercoin-forum and/or pm Sunny King or open in BCT or a Dev I know... And they have to guess about the code they're using.

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October 09, 2015, 12:42:58 PM
 #2026

It baffles me that they think they would attract users with 3 month - 1 year - 5 year growth accounts. If NeuCoin is trying to cater to the "instant gratification generation" how is it expected for kids to keep NeuCoin for 5 years, if they don't even want to keep a picture for more than 5 seconds.

Actually I am unbaffled... it makes complete sense to me. With the pace they are going with, you probably won't be able to use NeuCoin for anything until 3 months from now, and they'll probably just be rolling out with some promised features 5 years from now (if they are still around).

I don't believe that this coin will survive the next 12 months, maybe not even 5 months. I mean, besides fundamental flaws in it's economy and obvious issues with the tech there is another problem: There are competitors with a lot more to show. The Neucoin-Team did all to let it seem big. But it's not the idea and not the development that is big in any way. All arguments are the "big names" and the money backing and big promises without any base.

And, one competitor for example - far ahead:

Maidsafe
http://maidsafe.net

The base-idea is about decentralizing content and also the profit out of the conent --> content creator. That's the opposite to big companies like Google, Facebook etc. who make profit out of the content of us all. I'm not invested in Maidsafe, but in some way there will be something like that in the future. (And Neucoin, even if it would be a really professionell project is already obsolete, because it would like to be a centralized company which is obvious in the financial structure.)

THE NEXT GENERATION SHARING ECONOMY

http://blog.maidsafe.net/2015/10/05/advertising-privacy-and-a-libre-internet/


They have high plans, and I don't know if they'll realize it or others, but tipping is also one of many possible functions:

Quote
In this context, content creators could be a: blogger, journalist, artist, film maker, musicians, application developers, even end users with a social network account and a video camera. As my colleague Paige Peterson pointed out in an earlier post, the advent of crypto currencies like safecoin, with their almost zero transaction fees, enable almost instant micro payments and donations to take place.

Bloggers could be paid or tipped by users as their posts are read and enjoyed. News websites could function in the same way, or they could charge a subscription for providing well researched and useful information. Potentially, artists and film makers (this also includes those sharing funny home clips on YouTube) could make use of the SAFE Network’s optional watermarking system to ensure that they are rewarded as the originator of content and continue to be rewarded as snippets of their song or film are built upon and used by or aggregated by others. Digitally recording the content creators (through an anonymous ID) of each piece of work will enable the network to manage and pay out rewards without human intervention and without corruption.
http://maidsafe.net/press

There are also ideas about: Games on maidsafe infrastructure
https://forum.safenetwork.io/t/games-on-maidsafe-infrastructure/209


Or... another example:

Synereo:

Quote
Who is Synereo?
Synereo has completely distributed server software running on a user’s local machine that is capable of creating an Internet network without relying on any central entity. On it, Synereo is developing a fully decentralized and distributed, next-gen social platform. Synereo’s mission is to provide a global solution for decentralized communications and content distribution, also allowing applications to tap into its decentralized social graph. Synereo’s smart contract mechanism and attention economy principles provide content creators with unparalleled benefits, facilitating content distribution and monetization devoid of middlemen. Learn more at Synereo.com.
http://blog.factom.org/post/116727809969/synereo-factom-announce-partnership
http://www.synereo.com

They partnered with factom which I mentioned in an earlier post.


I don't mention those projects to make PR for it. But if we compare those projects, and there are a lot more of that kind (the biggest one is most likely Ethereum which could be anything), we see philosophy and passion and highly skilled Developers. They also have big names behind it (first of all factom) and money backing. What do we see in Neucoin? Nothing (but greed)... it's just a copy-cat-headline without anything behind it. They're talking about easy-to-use but that's just an argument to build an awful QT to bind peoples money into the growth-accounts. They talk about "non-profit" and "transparency" but with every move they show the opposite.


And I think, those who bought into it should think about it. There is nothing new in Neucoin, nothing which could be called innovative. Just some weird strategies to get peoples money. And it obviously doesn't work out, which is a very positive sign. ;-)

Yep, Neucoin was never about solving anyone's problem or creating value, its just opportunism.  Kind of like Direct Revenue.
Enjoy the millions you've "earned", Dan.  It doesn't look like the world wants to give you any more.


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October 09, 2015, 01:36:57 PM
 #2027

This just shows their incompetence.

Here's another issue:

http://forum.neucoin.org/t/interesting-tidbits-learned-from-reading-neucoins-source-code/1640/5?u=timengler

If you want to see this in action, look here:

http://www.neucoin.io/transaction/d5c8a3496eb8340130e6c1fcd3c04f57634b9f69a398db0d226f460fcd9f7aea

and keep clicking on "Previous output". You'll notice the staking amounts have been splitting in half after every stake.

Which means the amount of interest Neucoin is getting is slowing down. Every time this happens, their UTXO's get smaller and take longer to stake. Eventually they'll lose most of their compounding effect, and will have around 45 days of unclaimed interest in their mega account that will disappear as soon as they try to make a transfer from it. I tried to explain this to them in that thread, but it seems they can't quite grasp the concept.

Another sign that their technical team today isn't really up to the task.


Revealing:

"The issue is that the reason for this security measure hasn't been well documented, so we can only guess what Sunny King had in mind."


They've worked 1 1/2 year on the project and they have to guess. I have no abilities to code and no deeper understanding of the tech, but I bet it wouldn't need too long that I would have some answers. I would ask in the peercoin-forum and/or pm Sunny King or open in BCT or a Dev I know... And they have to guess about the code they're using.

https://github.com/ppcoin/ppcoin/commit/720f007714e9f24d10a1f46726fe9f8f56163fbf

Quote

+    // The following split & combine thresholds are important to security
+    // Should not be adjusted if you don't understand the consequences

They didn't adjust it because they don't understand the consequences Grin

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October 09, 2015, 02:24:20 PM
 #2028

I got 2k Neucoin from completing surveys when will i receive them?
You will receive your NeuCoins within one month after the digital currency launches. Maybe you have to wait until later this month Grin
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October 09, 2015, 05:28:30 PM
 #2029

and Nokoin keeps getting slaughtered... LOL

Nokoin bag holders, how are you enjoying your 20% loss so far???
Now just wait till all those free survey coins are released and dumped, in like 2 weeks??
For your sake I hope Danny boy burns more of that presale btc on buy walls to keep the price from completely tanking

Now that the coin has been released for a while, we can add yet another failed promise to the already long list of nokoin lies
  • Auctions for gift cards for NeuCoin - giving users a useful way to shop at brand name merchants like Amazon, iTunes, Google Play and Zynga from day one.

Who needs FUD when you've got the nokoin team shooting themselves on the feet all the time??

Yep, Neucoin was never about solving anyone's problem or creating value, its just opportunism.  Kind of like Direct Revenue.
Enjoy the millions you've "earned", Dan.  It doesn't look like the world wants to give you any more.

The only "value" created is the money they manage to extract from the people they call "trailer cash"
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Truth is a consensus among neurons www.synereo.com


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October 09, 2015, 06:09:45 PM
 #2030


Synereo:

Quote
Who is Synereo?
Synereo has completely distributed server software running on a user’s local machine that is capable of creating an Internet network without relying on any central entity. On it, Synereo is developing a fully decentralized and distributed, next-gen social platform. Synereo’s mission is to provide a global solution for decentralized communications and content distribution, also allowing applications to tap into its decentralized social graph. Synereo’s smart contract mechanism and attention economy principles provide content creators with unparalleled benefits, facilitating content distribution and monetization devoid of middlemen. Learn more at Synereo.com.
http://blog.factom.org/post/116727809969/synereo-factom-announce-partnership
http://www.synereo.com

They partnered with factom which I mentioned in an earlier post.


I don't mention those projects to make PR for it. But if we compare those projects, and there are a lot more of that kind (the biggest one is most likely Ethereum which could be anything), we see philosophy and passion and highly skilled Developers. They also have big names behind it (first of all factom) and money backing. What do we see in Neucoin? Nothing (but greed)... it's just a copy-cat-headline without anything behind it. They're talking about easy-to-use but that's just an argument to build an awful QT to bind peoples money into the growth-accounts. They talk about "non-profit" and "transparency" but with every move they show the opposite.


And I think, those who bought into it should think about it. There is nothing new in Neucoin, nothing which could be called innovative. Just some weird strategies to get peoples money. And it obviously doesn't work out, which is a very positive sign. ;-)

I invite you all to join Synereo's community, where we develop real solutions and tools for the decentralized Internet.
https://bitcointalk.org/index.php?topic=995987
slack.synereo.com

Synereo: liberating the Internet from abusive business models.

Beware of he who would deny you access to information, for in his heart, he dreams himself your master.
<br>
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October 09, 2015, 06:24:40 PM
 #2031


^

"Beware of he who would deny you access to information, for in his heart, he dreams himself your master."

Very fitting for this nokoin thread.
Information DENIED.

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October 09, 2015, 07:08:11 PM
 #2032

Now huey (the creator of the block explorer, a task the neucon regime is not able to accomplish) is encouraged to create a "faked" block explorer rich list and has to defend the reality.


http://forum.neucoin.org/t/neucoin-block-explorer/1806/18
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October 09, 2015, 07:28:18 PM
 #2033

Now huey (the creator of the block explorer, a task the neucon regime is not able to accomplish) is encouraged to create a "faked" block explorer rich list and has to defend the reality.


http://forum.neucoin.org/t/neucoin-block-explorer/1806/18

Liked huey's post.
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October 09, 2015, 09:01:42 PM
 #2034

NeuCoin NEU market will be removed from alcurEX very soon.
Please cancel all your NEU orders and withdraw NEU coins.

Thank you
halibit
alcurEX exchange
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October 09, 2015, 09:31:49 PM
 #2035

NeuCoin NEU market will be removed from alcurEX very soon.
Please cancel all your NEU orders and withdraw NEU coins.

Thank you
halibit
alcurEX exchange

Thanks for that good news. Smiley

Did you think anyone would want this scammy shitcoin.
or, was it the bribe "utility payment"?

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October 09, 2015, 10:25:30 PM
 #2036

Gosh it's bleak in here, spent the last couple hours catching up the last week and a half of posts.

I wasn't suggesting a fake. But one that gave a better ideal of how coins are distributed in the available market.

Though it hasn't turned out as I'd expected, neucoin still has potential. As long as that is the case I will be a mod and speak in its defense. Though I am a bit concerned.

P.S. I did not run away from neucoin. I have a bit more dignity than to simply disappear. I was busy trailing in the mountains and now I'm back in my hometown getting back into the swing of things here. I've been away from my hometown awhile.
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October 09, 2015, 10:29:14 PM
 #2037

This just shows their incompetence.

Here's another issue:

http://forum.neucoin.org/t/interesting-tidbits-learned-from-reading-neucoins-source-code/1640/5?u=timengler

If you want to see this in action, look here:

http://www.neucoin.io/transaction/d5c8a3496eb8340130e6c1fcd3c04f57634b9f69a398db0d226f460fcd9f7aea

and keep clicking on "Previous output". You'll notice the staking amounts have been splitting in half after every stake.

Which means the amount of interest Neucoin is getting is slowing down. Every time this happens, their UTXO's get smaller and take longer to stake. Eventually they'll lose most of their compounding effect, and will have around 45 days of unclaimed interest in their mega account that will disappear as soon as they try to make a transfer from it. I tried to explain this to them in that thread, but it seems they can't quite grasp the concept.

Another sign that their technical team today isn't really up to the task.


well to be fair my coins did  finally arrive after 12 hours with an email explaining and i quote
 "You now have been credited your NeuCoins. Our system requires manual approval of outgoing transactions every once in a while, hence the delay.
Sorry for the inconvenience."

glad i got outta that mess without too much of a loss. live and learn

Bitcoin...the future of all monetary transactions...and always will be
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October 09, 2015, 10:34:52 PM
 #2038

Gosh it's bleak in here, spent the last couple hours catching up the last week and a half of posts.

I wasn't suggesting a fake. But one that gave a better ideal of how coins are distributed in the available market.

Though it hasn't turned out as I'd expected, neucoin still has potential. As long as that is the case I will be a mod and speak in its defense. Though I am a bit concerned.

P.S. I did not run away from neucoin. I have a bit more dignity than to simply disappear. I was busy trailing in the mountains and now I'm back in my hometown getting back into the swing of things here. I've been away from my hometown awhile.

A bit concerned?
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October 10, 2015, 01:53:09 AM
 #2039

Despite the negativity I like what I am reading, I have seen Neucoin logo everywhere.
Maybe it wont be all it wants to be but if the devs are holding all the coins they will want to pump it to sell. or are playing silent to accumulate more
Probably worth buying as few if the price is right ..

www.dlsag.ch      1ex.trade
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October 10, 2015, 04:45:23 AM
Last edit: October 10, 2015, 07:03:54 AM by pineapples
 #2040



Here's another issue:

http://forum.neucoin.org/t/interesting-tidbits-learned-from-reading-neucoins-source-code/1640/5?u=timengler

If you want to see this in action, look here:

http://www.neucoin.io/transaction/d5c8a3496eb8340130e6c1fcd3c04f57634b9f69a398db0d226f460fcd9f7aea

and keep clicking on "Previous output". You'll notice the staking amounts have been splitting in half after every stake.

Which means the amount of interest Neucoin is getting is slowing down. Every time this happens, their UTXO's get smaller and take longer to stake. Eventually they'll lose most of their compounding effect, and will have around 45 days of unclaimed interest in their mega account that will disappear as soon as they try to make a transfer from it. I tried to explain this to them in that thread, but it seems they can't quite grasp the concept.

Another sign that their technical team today isn't really up to the task.



that's standard POS
if you have 2 inputs that are weighty enough you will have twice as much likelihood of staking.
- which means if one stakes, then you still have an input that is ready to stake and should do so,

in a healthy staking network
when your large input is divided into 8 inputs, those 8 inputs should give you roughly the same return over the same time frame as 1 input.
obviously there will be differnt timing involved as all inputs will take random time to actually stake


edit.
after some consideration i'm thinking i'm not talking about the same thing.

because there wallet will end up staking once /45 days all the inputs will end up much smaller hence they will receive less compound interest due to their entire balance staking less often than possible.

i think i agree with you Smiley i dont know of their motivations though, so perhaps either they are fine with not raping the staking or they are running different code

the code in question is wallet specific and the blockchain couldnt care less about these values, so they may well be aware of the issues and running a different code.
it would be easy to set the split time for anything you want.

.
i think you make it fairly clear what you mean in the last post on that thread.






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